Synopsis
The daily drama of money and work from the BBC.
Episodes
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Bringing Uber back to Earth
22/10/2019 Duration: 18minInvestors are losing faith in Uber's promise of rapid growth and market disruption, and are demanding to see actual profits. Oracle's founder Larry Ellison has gone as far as to describe the transport app company as "almost worthless".Manuela Saragosa speaks to Scott Galloway, professor of marketing at NYU Stern School of Business, who says the company's problem is that it is a great brand and great app that have been built upon a fundamentally unprofitable market - ride hailing. Meanwhile Patricia Nakache of Trinity Ventures says that Silicon Valley venture capitalists such as hers are becoming increasingly wary of businesses that generate rapid growth by simply burning through billions of dollars of cash.Producer: Edwin Lane(Picture: An UberChopper helicopter in Gdynia, Poland; Credit: Michal Fludra/NurPhoto via Getty Images)
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The business case for sleep
21/10/2019 Duration: 18minThe demands of the working day and our 24-hour economy mean many of us don't get the recommended seven to eight hours sleep a night. Experts say all that sleep deprivation comes at an economic cost. Manuela Saragosa looks at the business case for sleep. Contributors: Danielle Marchant, Executive Coach. Matthew Walker, Professor of Neuroscience and Psychology at the University of California, Berkeley, and founder and director of the Center for Human Sleep Science.(Picture: Tired young businessman sleeping on his desk inside of the office during the day; Credit: PeopleImages/Getty Images)
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Is the sun setting on Saudi oil?
18/10/2019 Duration: 18minIs the Saudi state oil company Aramco finalising its much-delayed share offering just as financial markets are losing faith in the future of fossil fuels?Manuela Saragosa speaks to energy geopolitical analyst Indra Overland, who says that the transition to electric vehicles could happen much faster than expected, posing a direct threat to what is the world's biggest oil company. Meanwhile Andrew Grant of the think tank Carbon Tracker says that big institutional investors are beginning to take the financial risks posed by climate change far more seriously.But according to oil industry consultant Cornelia Meyer the highly profitable Saudi company could still prove an attractive proposition for Western investors.Producer: Laurence Knight(Picture: A Saudi petroleum plant silhouetted at dusk; Credit: Scott Peterson/Liaison)
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Concrete's dirty secret
17/10/2019 Duration: 18minCement and concrete have one of the biggest carbon footprints of any industry, and eliminating it is no easy task.By volume concrete is the most heavily used resource by humanity apart from water. Our houses, offices, dams, roads, airports and so on all depend on pouring vast quantities of this magical, versatile material. But not only does making cement - the glue that binds concrete - involve huge amounts of energy. The chemical process itself also produces carbon dioxide as a bi-product, and nobody yet knows how to avoid that.Manuela Saragosa speaks to three people who offer partial solutions. Architect Simon Sturgis of pressure group Targeting Zero wants to design most of the concrete out of buildings, and recycle what's left. Benjamin Sporton, chief executive of the Global Cement and Concrete Association, is trying to coordinate global research efforts. Meanwhile Professor Mohamed Saafi of Lancaster University says the answer may lie in carrots and sugar beet. Producer: Laurence Knight(Picture: A shoe pr
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How China slam-dunked the NBA
16/10/2019 Duration: 18minDoes the China-NBA bust-up mean that the Chinese are falling out of love with US basketball - and US business in general?One thoughtless tweet in support of Hong Kong protestors by Daryl Morey, general manager of the Houston Rockets Basketball team, has kicked off a diplomatic storm, with Chinese TV stations cancelling the planned airing of NBA exhibition basketball games. It certainly reflects a much more prickly, nationalistic mood in China at a time when the country feels under attack from the US government's trade sanctions. Fenella Barber of China business consultancy Bao Advisory says it is typical of the cultural misunderstandings that still occur when Western businesses try to break into the country's gigantic fast-growing consumer market. But Andrew Coflan of geopolitical strategists Eurasia Group says the kerfuffle says a lot more about internal Chinese politics than the business environment, which Beijing is actually working hard to make more foreigner-friendly. Meanwhile journalist and businessman
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Is the West really meritocratic?
15/10/2019 Duration: 18minWe hear the arguments of leading US academic and author, Daniel Markovits, whose book The Meritocracy Trap argues that meritocracy in the United States and other Western free-market economies is a myth that fuels inequality.Temba Maqubela, the head of The Groton School - one of America's top private schools - outlines the role that elite establishments such as his could play in helping less advantaged students. Meanwhile Samina Khan, director of undergraduate admissions at Oxford University, says top universities like hers are working hard to target a more diverse range of applicants. Plus Kiruba Munusamy, an advocate at the Supreme Court of India, describes how a system of positive discrimination helped her get a top job despite India's caste system.Producer: Laurence Knight(Photo: Signposts for Yale and Harvard, Credit: Getty Images)
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How to be angry
14/10/2019 Duration: 18minFrom hotheads to curmudgeons, is anger always bad for business? Can anger management techniques help? Or should we put our wrath to profitable use?Laurence Knight speaks to an entrepreneur who hit the headlines following an air rage incident about his chronic fits of rage. Anger management expert Dr Gina Simmons explains why he may want to consider doing press-ups. We also hear from Mustafa Nayyem, who helped initiate the bitter Euromaidan protests that brought down Ukraine's last government. Plus evolutionary psychologist Aaron Sell explains the circumstances most likely to bring out our inner beast.(Picture: Frustrated businessman screaming of disappointment and looking up; Credit: skynesher/Getty Images)
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The vaping scare and big tobacco
11/10/2019 Duration: 18minWhy health concerns over vaping is bad for cigarette companies. In the US hundreds of illnesses and even some deaths have been linked to vaping. That's bad news for a tobacco industry looking for a long-term replacement for cigarettes. Manuela Saragosa speaks to Gregory Conley, president of the American Vaping Association, Anna Gilmore, professor of public health at the University of Bath in the UK and a spokesperson for STOP - a global industry watchdog aimed at stopping tobacco organisations and products - and Richard Hill, head of vapour products at the tobacco company Imperial Brands.(Photo: A young woman vaping, Credit: Getty Images)
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Losing your mind at work
10/10/2019 Duration: 18minOn World Mental Health Day, we hear the experiences of people who've suffered a mental health breakdown at work, and ask what employers can do to support them. We hear from Ian Stuart, the UK CEO of the global bank HSBC, Paul Farmer from the mental health charity Mind, American comedian and mental health campaigner Ruby Wax, Dean Yates, the head of journalist mental health and wellbeing strategy at the news agency Reuters, Geoff McDonald, global advocate and campaigner of Minds at Work, and Dr Claire Douglas, head of occupational health and wellbeing at SCS Railways in the UK.Producer: Laurence Knight(Photo: Depiction of workplace stress, Credit: Getty Images)
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Why whistleblowers need protection
09/10/2019 Duration: 17minA new EU directive grants new legal rights to those reporting corporate and government misbehaviour.Ed Butler asks David Lewis, professor of employment law at Middlesex University, how significant the new legal framework is and why it was needed.Plus we replay an interview from 2016 in which lawyer Mychal Wilson retells his early experiences as a sales rep for a pharmaceutical company in Los Angeles, and why he blew the whistle on underhand practices. And practicing Louisiana doctor William LaCorte talks about his reputation as a serial whistleblower - making tens of millions of dollars from exposing the wrongdoing of big pharma and hospitals.(Picture: Whistle hanging in front of blue background; Credit: thomas-bethge/Getty Images)
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Choose your own pay
08/10/2019 Duration: 18minWhat happens when a company lets its employees decide what their salaries should be? Will anyone ask to be paid less?A number of tech companies are finding out, as they see it as a way of achieving greater fairness and transparency, as well as motivating staff to raise their effort to match their remuneration. Ed Butler speaks to Heather McGregor, executive dean of the Edinburgh Business School, and to David Burkus, the California-based author of a book about pay transparency, Under New Management.(Picture: Woman covering face with fan of dollar bills looking at camera on yellow background; Credit: SIphotography/Getty Images)
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The George Soros conspiracy
07/10/2019 Duration: 17minWhy one financier is the target of a global conspiracy theory. Manuela Saragosa speaks to the BBC's Mike Rudin, who made a recent documentary on the Soros conspiracy, and to Joe Uscinski, associate professor of political science at the University of Miami - and an expert in conspiracy theories. And the BBC's Dhruti Shah speaks to David Mikkelson, the founder of Snopes, the company trying to debunk fake news for the last 25 years. (Photo: Anti-Soros placards during a political demonstration is Macedonia in 2017, Credit: Getty Images)
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End of the road for US truckers?
04/10/2019 Duration: 17minTruck drivers and the robots that could replace them. Jahd Khalil visits a truck stop in the US state of Virginia to find out why there's a chronic shortage of truckers in the US. Robert Brown from the robotics company TuSimple and Greg Hastings, associate partner at McKinsey & Co, tell Manuela Saragosa why long-distance driving is exactly the kind of job suited to robots.(Photo: A truck stop on the US-Mexico border, Credit: Getty Images)
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The right to repair
03/10/2019 Duration: 18minWhy is it so hard to fix your own things? Ed Butler speaks to those campaigning for manufacturers to make it easier for us to fix our electronics goods - everything from tractors to smartphones. Clare Seek runs a Repair Café in Portsmouth, England, a specially designated venue for anyone who wants to get their stuff to last longer. And Ed travels to Agbogbloshie in Accra in Ghana, one of the places where our mountains of e-waste end up being pulled apart and melted down for scrap. The programme also features interviews with Gay Gordon-Byrne, executive director of The Repair Association; Kyle Wiens, founder of iFixit; intellectual property lawyer Jani Ihalainen; and Susanne Baker, head of environment and compliance at techUK.(Photo: Broken iPhones, Credit: Getty Images)
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The search for sustainable fabric
02/10/2019 Duration: 18minModern textiles are environmentally problematic. Cotton needs gallons of water to produce, while polyester comes from crude oil. So could organic materials such as mushrooms and banana leaves hold the answer?Manuela Saragosa speaks to Dr Richard Blackburn, chemistry professor at Leeds University, who has been studying the ecological impact of the garments industry for decades. Meanwhile the BBC's Elizabeth Hotson investigates innovative new fabrics preparing to hit the market, including MycoTEX, a material made from fungal mycelium, developed by Aniela Hoitink.(Picture: Branch of ripe cotton; Credit: Gargonia/Getty Images)
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The onward march of Chinese debt
01/10/2019 Duration: 18minIs the rapid build up of consumer and corporate credit a threat to China's economic wellbeing?On the 70th anniversary of the founding of the People's Republic, Ed Butler asks whether the increasing dependence on debt of this officially communist nation is becoming a problem.The programme includes interviews with Shanghai-based journalist Liyan Ma, Shaun Rein of business strategy consultants China Market Research Group, and economist Linda Yueh.(Picture: People's Liberation Army personnel participate in a military parade at Tiananmen Square in Beijing to mark the 70th anniversary of the founding of the Peoples Republic of China; Credit: Greg Baker/AFP/Getty Images)
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Brexit and the currency speculators
30/09/2019 Duration: 18minSome traders are betting on the UK crashing out of the EU without a divorce agreement. Should we be concerned that they wield too much political influence?Both the British Prime Minister's sister Rachel Johnson, and the former Conservative finance minister Philip Hammond, have publicly voiced concerns in recent day that Boris Johnson is backed by financiers speculating on a sharp fall in the pound following a possible no-deal Brexit on 31 October.Manuela Saragosa asks how credible are such claims? How are the markets positioned for Brexit? And is there any way of even knowing who is "shorting" the pound, ready to profit from an unexpected fall in its value?The programme includes interviews with David Riley, chief investment strategist at Bluebay Asset Management, and with Jane Foley, head of currency strategy at Rabobank. Plus the BBC's Edwin Lane learns how to play the foreign exchange markets from Piers Curran of Amplify Trading.Producer: Laurence Knight(Picture: A woman looks at a chart showing the drop in
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WeWork and the cult of the CEO
27/09/2019 Duration: 17minHow WeWork's Adam Neumann lost his job after a disastrous attempt to list the company on the stock market. Manuela Saragosa speaks to the Wall Street Journal's Eliot Brown about the charisma of Adam Neumann and how it helped raise billions from investors, and to Andre Spicer from the Cass Business School about the cult of the founder-CEO. Scott Galloway, professor of marketing at the New York University Stern School of Business, explains why WeWork's IPO failure should be a lesson to the markets.(Photo: Adam Neumann, Credit: Getty Images)
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Climate Action: Should we plant more trees?
26/09/2019 Duration: 18minEd Butler speaks to Professor Tom Crowther from the Swiss university ETH Zurich, who says planting billions of trees around the world is by far the biggest and cheapest way to tackle climate change. Marcelo Guimaraes, chairman of Mahogany Roraima, a commercial timber and reforestation plantation in the northern Amazon rainforest, discusses how that would work in practice. (Photo: A tree in a deforested area of the Amazon rainforest, Credit: Getty Images)
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Climate Action: The moral imperative
25/09/2019 Duration: 18minWhat is our ethical duty to eliminate carbon emissions? Was Swedish teen activist Greta Thunberg right to express such anger at the UN Climate Action Summit in New York this week?Justin Rowlatt asks leading moral philosopher Peter Singer, professor of bioethics at Princeton University, whether someone driving a petrol- fuelled car can really be held responsible for increasing the risk of drought in Africa. And why should we give up taking long-haul flights, if the tiny amount of carbon emissions that saves will make practically no difference in the grand scheme of things?Plus climatologist Emily Shuckburgh explains why she is not despondent about climate change - despite seeing the effects first-hand on polar research trips - and how a new institute she is heading at Cambridge University is generating a lot of excitement among academics.Producer: Laurence Knight(Picture: Dead cow in drought-struck Kenya; Credit: muendo/Getty Images)